Archive for June, 2015

The Cost of Renting vs Owning

There’s more to comparing the costs of renting and owning than the dollar cost of payments.

 

Even with numbers like these, some still say renting is better:

“Investing in a home is riskier than renting.”

No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net worth that is from several to hundreds of times higher than that of renters.

“Home values have dropped in recent years.”

Which is one reason why ownership may now be ...

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